Community Development Carbon Fund Retrospective

Insights and lessons from 15 years of carbon finance benefitting communities

Published: 25/05/2017

The Community Development Carbon Fund (CDCF) was created in 2002 to support projects and programs in developing countries that reduce greenhouse gas emissions and provide tangible local livelihood co-benefits. By offering the developers of these activities a price premium for the emission reductions issued as Certified Emission Reductions (CERs) under the Clean Development Mechanism (CDM), the CDCF promotes CDM activities that combine community development and climate action, especially in poor regions of the world. As the first fund to focus on combining carbon finance with community co-benefits, the CDCF has played a pioneering role in demonstrating the viability of this type of approach.

In this report for the World Bank, Ecofys, a Navigant company, reviews the key achievements of the CDCF and identifies the main lessons learned. On the path towards the operationalization of the Paris Agreement, the lessons learned from the CDCF experience can inform the discussions on further interlinking of sustainable development co-benefits with GHG emission reductions, notably through the design of future carbon initiatives.

Find additional insights at: worldbank.org

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Noémie Klein
Climate Strategies and Policies
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Climate Strategies and Policies
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